UAE Archives - Page 5 of 7 - Alpha Pro Partners

Xero is an award winning and leading cloud based accounting software for small businesses and has over 1 million subscribers worldwide. It is known for its easy to use and “beautiful” user interface which enables users to connect regardless of their location or device. There are a number of features in Xero which are not […]

Xero is a leading cloud based accounting software for small businesses and has over 1 million subscribers worldwide. It is known for its easy to use and “beautiful” user interface and enables users to connect regardless of their location or device. Xero can accommodate small businesses whatever industry they maybe in regardless if it is […]

In the UAE, the logistics industry is quite a significant sector given that it is also an important regional hub for air and sea freight. This industry will continue to grow and develop as the UAE economy grows, along with Dubai continuing to be an important international hub supported by large players such as DP […]

Free zones in the UAE account for 33% of non-oil trade in the UAE and large share of small and medium sized businesses. Free zones can be found across the UAE including Dubai, Abu Dhabi and Ras Al Khamiah to name a few. They are also categorised as sea port free zones, airport free zones, […]

The VAT implications for commercial real estate companies are quite complicated given that it spans a number of activities such as purchase of and development of land, sales, leases and property management to name a few. This is further complicated by the fact that many real estate companies being involved in both residential and commercial […]

In August 2017, the UAE Government released Federal Law No. 8 of 2017 on VAT and within this key piece of legislation article 45 and 46 provides insight into how residential real estate will be treated for VAT purposes. To understand the application of the Law, one must understand how the term “supply” is defined […]

With the release of Federal Law No. 8 of 2017 on VAT, articles 45 and 46 covered the anticipated lists of items of supply which are zero rated and exempt. For the end consumer, the concept of zero rated or exempt supplies would not matter as the supply would not increase the cost of the […]

Since it was announced that the UAE would be implementing VAT from the 1 January 2018 a number of Tax legislations have been issued. These include the GCC VAT Framework, the UAE Tax Procedures law and the VAT Law. However, one piece of key legislation yet to be released (at the time of writing) are […]

With the VAT implementation deadline fast approaching the UAE, businesses are expected to accelerate their process to prepare for VAT. In a country like the UAE where there are no major taxes, there will be challenges that businesses will have to face while implementing VAT. One of the major regional challenges is the lack of […]

With the coming implementation of VAT in UAE from 1 January 2018, businesses will need the support of VAT experts to successfully manage their preparation as well as on-going VAT compliance. Implementing VAT in a country like UAE where there were no other major taxes has some challenges. Since VAT is a new concept it […]

In August 2017, the FTA (Federal Tax Authority, the Tax authority responsible for managing and collecting taxes in the UAE) released the anticipated Law 7 of 2017 on Excise tax. This is also known as the infamous sugar tax where tobacco products, energy drinks and carbonated drinks will incur a 50% -100% tax to curb […]

With the announcement of VAT to be implemented in the UAE from 1 January 2018, many small businesses would be worried about the impact this has on their customers. As many Small businesses are running with low margins, increasing prices through VAT may have a detrimental affect upon their customers. However, there are other things […]